Jamie Dimon, a renowned Bitcoin (BTC) critic and CEO of American multinational financial giant JPMorgan Chase has warned against an impending doom to the United States economy.
The Warning on US Economy
According to Jamie Dimon, the US economy might not survive the debt rebellion that is currently brewing in the country. It is worth noting that the national US debt crossed the All-Time High (ATH) above $34.1 trillion.
Speaking in a panel discussion at the Bipartisan Policy Center on January 26, Jamie Dimon recalled what has changed in the economy from way back in 1982 when the US economy had a prime rate around 21.5% and a 12% inflation rate. The unemployment at the time was pegged at 10% and the National Debt was around 35% of the Gross Domestic Product (GDP).
Fast-forward to this present time, Jamie Dimon noted that the Debt to GDP ratio is now above 100% with a projection…
